Investor Presentaiton
48
88
Telematics and insurance
IAG
Insurance
Australia
Group
More Th>n DriveTime
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Aimed at young drivers (18-25).
Looking for 2,000 for pilot.
Offer is a 40% discount for not driving between 11 pm and 6 am.
Any mileage recorded between these hours incurs an automatic £25
additional charge for each night that it happens (i.e. 4 nights a month would
be £100 additional charge). Charge applies from 11.01 pm or before 5.59
am.
Policy would expire on the renewal date after the 25th birthday of
policyholder.
Policyholder can track the account through a secure website.
Blackbox is usually installed behind the dashboard and is installed free of
charge.
Cover rules are more restrictive than NU as NU doesn't restrict driving
hours but charges a higher tariff.
DRIVETIME™
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